Full Title: The Climate and Community Investment Act: An Engine for Good Job Creation
Author(s): NY Renews
Publisher(s): NY Renews
Publication Date: May 12, 2021
Full Text: Download Resource
Description (excerpt):
This study from NY Renews shows that investment in climate programs and infrastructure under the Climate and Community Investment Act (CCIA, S4264-A/A6967) would create and sustain 160,000 jobs over a ten-year period. These jobs would reach beyond the renewable energy sector and include jobs in public transportation, manufacturing, agriculture, the care economy and schools, professional services, and pollution remediation. The jobs would be created in all regions of New York State.
Under the CCIA, an emissions fee on corporate polluters would generate an additional $10-$15 billion per year in state revenue, to be spent in four categories: 30% of the funds for community- based projects such as tenant-owned solar or energy efficiency; 30% for large-scale renewable infrastructure; one-third of the funds for energy rebates for low- and moderate-income New Yorkers; and 7% for fossil-dependent workers and communities.
The CCIA includes gold-standard labor provisions such as promoting high wages, best-value contracting, apprenticeship and pre-apprenticeship programs, and access to unions. Benefits are designed to flow in particular to people in disadvantaged and front-line communities.